Saturday, Aug 23, 2014 - 5:00 PM
"No to Tax Dodgers, Yes to Fair Play"
When it comes to paying taxes, the latest ploy in corporate America's never-ending search for loopholes and escape hatches is "inversion," creative accounting by which companies pretend to be headquartered abroad and make big profits on which they pay little or no US taxes. Inversion is just one more way jobs are being lost overseas and revenue is being drained from government and its services. That's why a recent report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute is so important. D